Stephen Spears - Sep 15, 2021 Form 4 Insider Report for Avaya Holdings Corp. (AVYA)

Role
EVP and Chief Revenue Officer
Signature
/s/ Danielle Bagatta, as attorney in fact for Stephen Spears
Stock symbol
AVYA
Transactions as of
Sep 15, 2021
Transactions value $
-$649,628
Form type
4
Date filed
9/17/2021, 04:06 PM
Next filing
Nov 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVYA Common Stock - Restricted Stock Units Options Exercise $0 -62.9K -26.25% $0.00 177K Sep 15, 2021 Direct F1, F2
transaction AVYA Common Stock, par value $0.01 per share Award $0 +62.9K $0.00 62.9K Sep 15, 2021 Direct F1
transaction AVYA Common Stock, par value $0.01 per share Tax liability -$400K -20.6K -32.8% $19.40* 42.2K Sep 15, 2021 Direct F3
transaction AVYA Common Stock, par value $0.01 per share Sale -$250K -13K -30.46% $19.20* 29.7K Sep 15, 2021 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock, par value $0.01 per share, of Avaya Holdings Corp. ("Common Stock"), which vested pursuant to various Restricted Stock Unit (each, an "RSU") awards. These RSUs were previously reported on Table I on a Form 4.
F2 Consists of RSUs previously reported on a Form 4 in Table I that have not, as of yet, vested in accordance with their terms. Each RSU represents a contingent right to receive, at vesting, one share of Common Stock.
F3 Represents the number of shares of Common Stock withheld by Avaya Holdings Corp. to cover tax withholding obligations in connection with the vesting of RSUs.
F4 This price represents the approximate weighted average price per share of sales of Common Stock, which were executed at prices ranging from $19.19 to $19.24. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff and Avaya Holdings Corp., the full information regarding the number of shares sold at each price.
F5 These securities represent the total number of Common Stock owned, which includes 430 shares purchased pursuant to the Avaya Holdings Corp. 2020 Employee Stock Purchase Plan ("ESPP"). This does not include any fractional shares acquired through the ESPP.